Author: Q above text
In the middle of this month, it was reported that Alibaba’s acquisition of NetEase’s cross-border e-commerce NetEase koala has been confirmed, with a price of US$2 billion, paid in full cash, and integrated with Ali’s cross-border e-commerce platform Tmall International. The two sides will also carry out other forms of cooperation and transactions.
According to the statement at the time, this heavy transaction will be announced on August 20th, but when the day is up, there has been a sudden change.
The latest news said that the acquisition between Alibaba and Netease koala has been collapsed, but the specific reasons are unknown.
Alibaba simply responded that it would not comment, and Netease Koala did not make any comment.
According to the data, Netease koala is a comprehensive e-commerce company based on cross-border business. It was publicly tested on January 9, 2015. The sales categories include maternal and child, beauty make-up, home life, nutrition and health care, global cuisine, clothing bags, Digital home appliances and other categories. In June 2018, NetEase Koala Haiming changed its name to Netease Koala and announced its entry into the integrated e-commerce market.